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LONDON: The price of crude oil will likely come under pressure later this year from rising output at US onshore developments as well as conventional fields, Chief Executive Eldar Saetre told Reuters on Wednesday.
"I think we will most likely be below $70 a barrel," he said when asked about expectations for crude prices in 2018.
North Sea Brent crude currently trades at a spot price of $66.9, down from $70.78 in late January.
| Currency | Rate |
|---|---|
|
USD PKR Interbank Selling
/ Jul 21
|
278.12
|
|
USD PKR Interbank Buying
/ Jul 21
|
277.92
|
|
USD to Japanese Yen
/ Jul 22
|
163.08
|
|
USD to Swiss Franc
/ Jul 22
|
0.81
|
|
Pound Sterling to USD
/ Jul 22
|
1.34
|
|
Euro to USD
/ Jul 22
|
1.14
|
|
SOFR %
/ Jul 21
|
3.59
|
| Stock | Volume |
|---|---|
|
S&P 500
/ Jul 21
|
7,509.20
|
|
Nasdaq
/ Jul 21
|
25,837.21
|
|
FTSE 100
/ Jul 21
|
10,585.91
|
|
Dow Jones
/ Jul 21
|
52,224.64
|
|
Germany DAX 30
/ Jul 21
|
25,011.35
|
|
France CAC40
/ Jul 21
|
8,363.14
|
|
India Sensex
/ Jul 22
|
76,694.63
|
|
Tokyo Nikkei
/ Jul 22
|
67,511.12
|
|
Hang Seng
/ Jul 22
|
24,903.04
|
| Item | Value |
|---|---|
|
Karachi Cotton PKR/37.32 KG
/ Jul 21
|
18,880
|
|
Gold 10 Grams PKR
/ Jul 21
|
368,000
|
|
Petrol/Litre
/ Jul 22
|
320.73
|
|
Crude Oil USD/Barrel
/ Jul 22
|
86.22
|
|
Gold Spot USD/Ounce
/ Jul 22
|
4,114.27
|
|
Diesel/Litre
/ Jul 22
|
367.21
|
|
Cotton US¢/pound
/ Jul 22
|
80.13
|
| Stock | Price |
|---|---|
|
Sally Textile
/ Jul 22
Sally Textile Mills Limited(SLYT)
|
16.13
▲ 1.47
(10.03%)
|
|
Dadabhoy Cement
/ Jul 22
Dadabhoy Cement Industries Limited(DBCI)
|
22.64
▲ 2.06
(10.01%)
|
|
F.Credit & Inv
/ Jul 22
First Credit and Investment Bank Limited(FCIBL)
|
35.93
▲ 3.27
(10.01%)
|
|
Gammon Pak
/ Jul 22
Gammon Pakistan Limited(GAMON)
|
24.18
▲ 2.2
(10.01%)
|
|
Olympia Mills
/ Jul 22
Olympia Mills Limited(OML)
|
143.19
▲ 13.02
(10%)
|
|
Ahmad Hassan
/ Jul 22
Ahmad Hassan Textile Mills Limited(AHTM)
|
121.25
▲ 11.02
(10%)
|
|
Baba Farid Sugar
/ Jul 22
Baba Farid Sugar Mills Limited(BAFS)
|
461.24
▲ 41.93
(10%)
|
|
Fateh Sports
/ Jul 22
Fateh Sports Wear Limited(FSWL)
|
142.71
▲ 12.97
(10%)
|
|
The Thal Ind.Corp.
/ Jul 22
The Thal Industries Corporation Limited(TICL)
|
1,048.37
▲ 95.31
(10%)
|
|
Asia Ins.
/ Jul 22
Asia Insurance Company Limited(ASIC)
|
45.86
▲ 4.17
(10%)
|
| Stock | Price |
|---|---|
|
Khairpur Sug.
/ Jul 22
Khairpur Sugar Mills Limited(KPUS)
|
1,364.30
▼ -151.59
(-10%)
|
|
National Silk
/ Jul 22
The National Silk & Rayon Mills Limited(NSRM)
|
296.43
▼ -32.94
(-10%)
|
|
Suhail Jute
/ Jul 22
Suhail Jute Mills Limited(SUHJ)
|
243.87
▼ -27.1
(-10%)
|
|
Shams Textile
/ Jul 22
Shams Textile Mills Limited(STML)
|
54
▼ -5.68
(-9.52%)
|
|
Reliance Weaving
/ Jul 22
Reliance Weaving Mills Limited(REWM)
|
177
▼ -17.02
(-8.77%)
|
|
Ideal Dynamics
/ Jul 22
Ideal Dynamics Limited(IDEAL)
|
47.05
▼ -4.05
(-7.93%)
|
|
First IBL Mod.
/ Jul 22
First IBL Modaraba(FIBLM)
|
14.20
▼ -1.07
(-7.01%)
|
|
Dewan Textile
/ Jul 22
Dewan Textile Mills Limited(DWTM)
|
8.76
▼ -0.65
(-6.91%)
|
|
Premier Insurance
/ Jul 22
Premier Insurance Limited(PINL)
|
10.25
▼ -0.76
(-6.9%)
|
|
Husein Industries
/ Jul 22
Husein Industries Limited(HUSI)
|
57
▼ -3.5
(-5.79%)
|
| Stock | Volume |
|---|---|
|
Trust Sec.& Brok.
/ Jul 22
Trust Securities & Brokerage Limited(TSBL)
|
114,420,533
▲ 0.01
|
|
Cnergyico PK
/ Jul 22
Cnergyico PK Limited(CNERGY)
|
82,889,139
▼ -0.07
|
|
TPL Properties
/ Jul 22
TPL Properties Limited(TPLP)
|
40,990,779
▲ 0.31
|
|
Pak Refinery
/ Jul 22
Pakistan Refinery Limited(PRL)
|
26,540,835
▲ 1.31
|
|
B.O.Punjab
/ Jul 22
The Bank of Punjab(BOP)
|
16,709,158
▼ -0.13
|
|
WorldCall Telecom
/ Jul 22
Worldcall Telecom Limited(WTL)
|
16,272,864
▼ -0.02
|
|
F. Nat.Equities
/ Jul 22
First National Equities Limited(FNEL)
|
12,048,801
▼ -0.01
|
|
Yousuf Weaving
/ Jul 22
Yousaf Weaving Mills Limited(YOUW)
|
11,935,517
▲ 0.39
|
|
Maple Leaf Cement
/ Jul 22
Maple Leaf Cement Factory Limited(MLCF)
|
10,392,074
▼ -2.22
|
|
K-Electric Ltd.
/ Jul 22
K-Electric Limited(KEL)
|
9,479,073
▼ -0.16
|
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